Cryptocurrency and Financial System Disruptions: A Transformative Shift in the Global Economy

Author(s)	Dr. Sonal Ashok Ubale
Country	India
Abstract	The rise of cryptocurrency has led to significant disruptions in the traditional financial system. Digital currencies, powered by blockchain technology, have introduced a decentralized financial model that challenges conventional banking, regulatory policies, and global economic stability. This paper explores the impact of cryptocurrencies on financial institutions, investment strategies, economic volatility, and monetary policies. The study also highlights potential risks, including security threats, regulatory challenges, and financial crimes. Additionally, it examines the role of decentralized finance (DeFi) in providing alternative financial solutions, the emergence of stablecoins as a bridge between traditional and digital assets, and the potential implications of Central Bank Digital Currencies (CBDCs). By analyzing global regulatory responses and case studies of cryptocurrency adoption, the research provides an in-depth understanding of how cryptocurrencies reshape financial systems and the steps needed to integrate them sustainably into global economies. The findings underscore the need for a balanced regulatory approach to mitigate risks while fostering innovation and financial inclusion.
Published In	Conference / Special Issue (Volume 7 \| Issue 3) - Two Day International Conference on Commerce & Economics (ICCE-2025) (May 2025)
Published On	2025-05-10

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International Journal For Multidisciplinary Research